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The S&P BSE Sensex rallied over 100 points after starting on a cautious note but on Friday, led by gains in Infosys, NTPC, HDFC, RIL, and L&T. The Nifty50 managed to quickly recoup early morning losses, and was trading above its crucial psychological support level of 8,000, supported by gains in pharma IT, capital goods, consumer durable, and power stocks.India's Continuing its recent fall, the rupee depreciated 3 paise to 65.78 against the US dollar in early trade on Friday.
The S&P BSE Sensex rallied over 100 points after starting on a cautious note but on Friday, led by gains in Infosys, NTPC, HDFC, RIL, and L&T. The Nifty50 managed to quickly recoup early morning losses, and was trading above its crucial psychological support level of 8,000, supported by gains in pharma IT, capital goods, consumer durable, and power stocks.India's Continuing its recent fall, the rupee depreciated 3 paise to 65.78 against the US dollar in early trade on Friday.
India's power sector stocks may surge after govt. approves rescue package for state power companiesNTPC, Tata Power, JSW Energy , CESC seen as key beneficiaries among power producers while Power Grid would benefit on transmission sideLenders having exposure to the sector including Power Finance Corp, Rural Electrification Corp, and Canara bank may also benefit.
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